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$14.35 northern star resources ltd

Thanks for the response. What is the incentive for investors to...

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Master Spock

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31/08/22

21:16

Post #: 63446100
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Originally posted by Sherlock Buffet: ↑

The company will spend up to A$300 million between 15 September 2022 and 14 September 2023 to buy shares on market and then cancel the shares. There are 1,165,126,222 shares on issue. At today's price of $7.79 the company could buy back 38,510,911 shares. There will be an announcement shortly notifying of the buyback and the conditions attached to the buyback. The buyback is at the company's discretion.

The company has to advise the market of the change in capital, so we will see announcements where the company may have bought 100,000 for example and the price paid.

See Listing Rule 7.29 to 7.33- https://www.asx.com.au/documents/rules/Chapter07.pdf

The effect is that the shares become more tightly held because there are fewer in the market and it pushes up the EPS. With the current price, the company considers that the buyback is a good way to essentially return money to holders. I like the increased dividend and the buyback.

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Thanks for the response. What is the incentive for investors to sell shares back to the company rather than sell them on the market?

NST Price at posting: $7.88 Sentiment: None Disclosure: Held
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(20min delay)
Last $14.35		Change 0.100(0.70%)		Mkt cap ! $16.52B

Open	High	Low	Value	Volume
$14.30	$14.43	$14.26	$22.22M	1.555M

Buyers (Bids)

No.	Vol.	Price($)
28	3766	$14.34

Sellers (Offers)

Price($)	Vol.	No.
$14.35	3716	26

View Market Depth

No.	Vol.	Price($)
32	4076	14.340
14	4495	14.330
9	2225	14.320
9	4136	14.310
11	11443	14.300

Price($)	Vol.	No.
14.350	3919	27
14.360	4760	22
14.370	4164	15
14.380	5492	11
14.390	4551	10

Last trade - 13.18pm 04/06/2024 (20 minute delay)


Last $14.32			Change 0.100 ( 0.61 %)
Open	High		Low	Volume
$14.30	$14.43		$14.26	136673
Last updated 13.36pm 04/06/2024 ?

NST (ASX) Chart